Market Overview

UPDATE: JP Morgan Maintains Coinstar at Neutral on Redbox Instant Thoughts

Share:
Related CSTR
Benzinga's Top Initiations
SLIDESHOW: 13 Major Tech Founders and Innovators That Are 'Smitten With The Mitten'

JP Morgan maintained its Neutral rating on Coinstar (NASDAQ: CSTR) with a reiterated $52 price target.

JP Morgan noted, "We recently spoke with Galen Smith, VP of Finance at Redbox, who provided color regarding the Redbox Instant initiative. We are incrementally constructive regarding the JV's prospects, though we do not expect it to be a material contributor to 2013 EPS. No changes to estimates. Maintain Neutral."

Coinstar closed at $50.79 on Wednesday.

Latest Ratings for CSTR

DateFirmActionFromTo
Oct 2016Compass PointDowngradesBuyNeutral
Oct 2016Sandler O'NeillInitiates Coverage OnHold
Oct 2016Raymond JamesInitiates Coverage OnOutperform

View More Analyst Ratings for CSTR
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (CSTR)

View Comments and Join the Discussion!